A bill for an act relating to debt management programs, services, fees, and licensee requirements.

This bill amends Iowa's debt management laws to clarify how companies handling debt relief must manage client funds and charge fees. It requires debt management programs that handle client payments to keep those funds in a separate trust account until distributed. For programs that don't handle payments directly, the bill allows companies to charge fees only after they've successfully renegotiated, resolved, or reduced at least one debt, with fees proportional to the debt amount resolved. These changes replace previous restrictions on fee structures and third-party payments while exempting licensed debt management services from certain credit services laws.